In the 2.5 years since I put this video together about who the real job creators are, and why, there have been some changes. However these changes support the driving factors described in the video more strongly. Stock market, GDP, and unemployment figures have continued on their favorable trajectory established in mid to late 2009. Our treasury is still being paid for short term funds it borrows. The number of jobs unfilled in the US because employers can’t find enough qualified candidates has just about doubled to 6 million. The amount of cash corporations are sitting on domestically and abroad has increased into the multi $trillions.
Two more things to point out. In January of this year the unemployment rate was a bit under 5%, it’s now about 4.1%. Economists consider unemployment rates of between 3 and 5% as full employment, and rates below 3% as risking inflation. Also, since funds for investment is far from the limiting factor to growth, enticing multinational corporation to repatriate their cash abroad will do nothing to increase domestic job creation, income or GDP. If such funds were adequately taxed upon return they could contribute to reducing the nation debt on a one-time basis.